THE DRILL SERGEANT: Meteoric Resources (ASX: MEI) has commenced a drilling program at the company’s Palm Springs gold project, southeast of Halls Creek in the Kimberley region of Western Australia.
Meteoric Resources said the drilling would be targeting mineralisation on Mining License M80/106, situated south of the Butchers Creek Pit infill drilling of results achieved from the company’s 2020 drilling efforts.
The new drilling is expected to improve confidence in any stated resources with sections designed to extend the mineralisation another 160 metres south.
Ten holes have been planned to consist a combination of RC pre-collars with diamond drilling tails accounting for most holes, one of which is a re-entry into a RC hole drilled in 2020.
“After a pause across the northern wet season we are once again entering the most exciting phase of exploration: drilling,” Meteoric Resources managing director Andrew Tunks said in the company’s ASX announcement.
“Our maiden 2020 program highlighted several key geological features that have been used to meticulously plan the 2021 drilling.
“Namely; the gold mineralisation is stratabound within a volcanic trachyte unit and the high grades are preferentially located within the fold hinge of a regional scale anticline.
“These facts have allowed us to target untested hinge positions and to explore for further extensions to the know mineralisation southward to the edge of the mining lease.
“I am confident that with results like 69 metres at 4.4 grams per tonne gold in BCRD467 from the 2020 campaign to follow-up we will be intersecting more exciting high-grade zones and add significant gold ounces to the current open-pit resource.
“In addition, the exploration team has been onsite for several weeks laying the ground work for upcoming exploration such as setting up the onsite exploration camp, dewatering the Butchers Creek Open Pit and preparing for the proposed IP and Magnetic geophysical surveys.”